Rebound failed, closings down

2020-07-31T16:34:44.680Z

The collapse of GDP across the Eurozone, the uncertainties and fears related to the pandemic, the half-yearly reports that disappoint investors: a mix of factors that pushes the markets down. There was no expected rebound, volatility continues. After a largely positive session, in an effort to put an end to yesterday's thumps, European stock exchanges turned negative and ended decreasing. And they are not modest losses. Milan yields 0.71%, London 1.14%, Paris 1.43%, Frankfurt 0.54% and Madrid 1.33%. The climate on Wall Street is different. Despite the US also facing un encouraging macroeconomic data (a historic drop in GDP), the Nasdaq - technology stocks - continues to run at + 0.70%, while the Dow Jones gives half a point. The euro gained 5% against the dollar in the past month and the exchange rate is 1.18. Gold flies at $ 1,974 an ounce.